Leading international law firm Clifford Chance has advised Chinese EV maker Zhejiang Leapmotor Technology Co., Ltd. on its US$807 million initial public offering and listing on the mainboard of the Hong Kong Stock Exchange. Hangzhou-based Leapmotor designs and produces electric vehicles for the mid to high-end market in China. In 2021, the company was one of the fastest-growing among the leading pure-play EV makers based in China.

China Co-Managing Partner Tim Wang, partners Fang Liu and Tianning Xiang co-led the deal, with support from a Greater China team including consultants Janet Tang and Sheng Chen, associates April Zhang, Ashley Sun, Chloe Lau and Elaine Lau.

Tim said, “We are proud to bring our team’s expertise in the new energy sector to advise Leapmotor on their successful listing, a milestone both for the company and also China’s fast-growing EV industry. This IPO highlights significant progress in the global trend in transportation towards electrification and clean energy transition.”

Fang added, “We are so glad to assist Leapmotor in completing this landmark IPO. This is the latest testament to our market leading expertise and capabilities in advising new energy champions, global or domestic. In the third quarter of 2022 alone, we have advised on major listings in this sector, including Tianqi Lithium’s US$2 billion Hong Kong IPO and the pioneer GDR listings of three EV battery related companies on the SIX Swiss Exchange. We also look forward to Porsche’s €9.7 billion IPO and listing on the Frankfurt Stock Exchange, as well as the upcoming Hong Kong IPO and listing of leading EV battery maker CALB.”